Semiconductor Market to Cross USD 1,380.79 Billion by 2029, exhibiting a CAGR of 12.2%

Published March 15, 2023

The global Semiconductor Market size is forecasted to expand at a 12.2 % CAGR during 2022-2029. Major investments by industry participants for novel product releases, as well as an increase in mergers and partnerships for expansion strategy, are expected to propel the market forward.

The global Semiconductor Market value is estimated at USD 527.88 billion in 2021. During the period 2022 to 2029, the market is expected to grow at a CAGR of 12.2%, from USD 573.44 billion in 2022 to USD 1,380.79 billion by 2029.

According to Fortune Business Insights, major driving factor includes the growing demand for smartphones, tablets, and laptops has contributed to the growth of the semiconductor industry. These devices require semiconductors to perform various functions such as processing, memory storage, and power management

Get a Free Sample Research PDF @

Some of the key players include:

  • Broadcom, Inc. (California, U.S.)
  • Intel Corporation (California, U.S.)
  • Qualcomm (California, U.S.)
  • Samsung Electronics (Suwon-si, South Korea)
  • SK hynix (Gyeonggi, South Korea)
  • Taiwan Semiconductors (Hsinchu, Taiwan)
  • Texas Instruments (Texas, U.S.)
  • Toshiba Corporation (Tokyo, Japan)
  • Maxim Integrated Products, Inc. (California, U.S.)
  • Micron Technology (Idaho, U.S.)
  • NVIDIA Corporation (California, U.S.)
  • NXP Semiconductors N.V. (Eindhoven, Netherlands)

Factors affecting the growth of Semiconductor Market:

  • Technological advancements: The semiconductor industry is driven by innovation and technological advancements. The introduction of new and advanced technologies such as artificial intelligence, 5G, Internet of Things (IoT), and blockchain is expected to increase the demand for semiconductors.
  • Increasing demand for consumer electronics: The growing demand for smartphones, tablets, and laptops has contributed to the growth of the semiconductor industry. These devices require semiconductors to perform various functions such as processing, memory storage, and power management.
  • Automotive industry growth: The automotive industry is also a significant contributor to the growth of the semiconductor market. The integration of advanced technologies such as electric vehicles, driver assistance systems, and infotainment systems in vehicles is driving the demand for semiconductors.
  • Industrial automation: The growing trend towards automation in various industries such as manufacturing, healthcare, and agriculture is driving the demand for semiconductors. These industries require semiconductors for sensor systems, control systems, and power management.
  • Increasing adoption of cloud computing: The rise of cloud computing has also increased the demand for semiconductors. The growth of cloud-based services such as data storage, software-as-a-service (SaaS), and infrastructure-as-a-service (IaaS) requires semiconductors to support their operations.
  • Geopolitical factors: The semiconductor market is also influenced by geopolitical factors such as trade policies, tariffs, and regulations. Changes in these factors can impact the global supply

chain and lead to fluctuations in demand and prices.

Key Highlights of the Report:

  • Market Performance (2022-2029)
  • Market Outlook (2022-2029)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

The most recent Fortune Business Insights report identifies a key opportunity for market expansion over the forecast period. In this report, market opportunities are plotted using a detailed study of the current Semiconductor Market scenario, mergers and acquisitions, investments in research and development, technological developments, novel marketing strategies, and buyers' behaviour. The key opportunities covered in the report will provide a better understanding of the global Market and its future growth.

Ask for customization:


The primary market segments and their sub-segments covered in this study provide information on the overall business climate. The categories in this research are built by analyzing supply and demand scenario that provides a thorough view of the market. The segment study provides a detailed view of the fastest-growing market sector as well as the factors influencing the fast/slow growth of the other segments. This section includes a comprehensive market share and revenue analysis.

Segment by Type

  • By Component
  • By Application
  • By Region

The use of Semiconductor Market can help investors to make more informed decisions, access a wider range of investment options, and achieve their financial goals more effectively. Additionally, the market for report is growing rapidly, driven by factors such as increasing wealth, the shift towards digital channels, and the growing demand for personalized financial advice. As a result, the market is expected to continue to grow in the coming years.

Table of Contents - Major Key Points

1) Semiconductor Market Overview

  • Market Segment by Type
  • Global Market Segment by Application
  • Global Market, Region Wise
  • Scope of the Report

2) Industry Outlook

  • Market Industry Technology Status and Trends
  • Industry Entry Barriers
  • Market Drivers Analysis
  • Market Challenges Analysis
  • Consumer Preference Analysis

3) Global Market Landscape by Player

  • Market Competitive Situation and Trends
  • Market Concentration Rate
  • Market Share of Top 3 and Top 6 Players
  • Mergers and Acquisitions, Expansion

4) Global Semiconductor Market Sales Volume and Revenue Region Wise

  • Global Market Sales Volume and Market Share, Region Wise (2022-2029)
  • Global Market Revenue and Market Share, Region Wise (2022-2029)
  • Global Market Sales Volume, Revenue, Price and Gross Margin

5) Global Market Sales Volume, Revenue, Price Trend by Type

6) Global Market Analysis by Application

7) Market Upstream and Downstream Analysis

  • Market Industrial Chain Analysis
  • Key Raw Materials Suppliers and Price Analysis
  • Manufacturing Cost Structure Analysis

8) Key Players Profiles

  • Recent Development
  • Key Players Analysis

9) Research Findings and Conclusion

10) Appendix

11) Methodology

12) Research Data Source

Quick Buy:

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Semiconductor Market to Cross USD 1,380.79 Billion by 2029, exhibiting a CAGR of 12.2%